Jeff Bezos sells $1.8 billion of Amazon stock in 2-day after surge

LONDON : In the 15 years after Amazon.com Inc. went public in 1997, Jeff Bezos sold about a fifth of the company for roughly $2 billion. In just the past week, he sold 0.2% of the retailer for $1.8 billion.

Bezos offloaded 905,456 Amazon shares on Friday and Monday under a pre-arranged trading plan, according to filings. That brings his total stock sales to about $12 billion, with two-thirds of those occurring in the past four years, according to calculations by Bloomberg.

The scale of the recent sales — including $2 billion in 2017 and $2.8 billion in 2019 — partly reflects Amazon’s soaring valuation, which closed above $1 trillion for the first time on Tuesday. That means Bezos’s remaining 11% stake is worth $116 billion.